How much would an investor expect to pay for a $1,000 par value bond with a 9% annual coupon that matures in 5 years if the interest rate is 9%? A) $696.74 B) $1, 075.00 C) $1,000.00 D) $1, 123.01 E) None of the above What is the coupon rate for a bond (par value of $1,000) with three years until maturity, a price of $1,000, and a discount rate of 6%? A) 6% B) 7% C) 8% D) 9% E) None of the above What happens to the price of a three-year bond with an 8% coupon when interest rates change from 8% to 6%? A) A price increase of $53.47 B) A price decrease of $51.54 C) A price decrease of $53.47 D) No change in price E) None of the above